An essential federal funding pipeline for startups lapsed in October, and Maryland founders are starting to feel it.
I spoke with local founders about the pause on the Small Business Innovation Research (SBIR) program, which provides non-dilutive funding to early-stage life sciences and tech companies. Without it, efforts like conducting costly clinical trials and moving devices through FDA clearance become much harder.
This isn’t just a Maryland problem. Tech ecosystems across the country are seeing the effects, and it remains unclear if Congress will act to restore the funding.
Another federal pause is hitting the region, too. My colleague Kaela reported that a Virginia offshore wind project, which would add a much-needed boost to strained power grids, has been delayed. I’ve been following similar moves in Maryland, with the Trump administration trying to block a different wind venture in Ocean City.
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Years of SBIR support helped Baltimore-based Linshom Medical earn three FDA clearances for its respiratory devices.
Now, the startup is waiting to hear back on another proposal to fund the next phase of development — but there’s still no indication that Congress will reinstate the program.
“It would affect us pretty dramatically,” CEO Richard Hughen told me. “We would not be able to afford the large multicenter research work that the healthcare system requires.” Continue reading...
Wind project delays 💨
A $11.2 billion Virginia wind project was slated to come online early this year. But a 90-day pause imposed by the Trump administration in December, citing national security concerns, has set it back.
The infrastructure is critical for meeting the region’s growing energy demands, with Virginia home to the world’s largest concentration of data centers.
Dominion, the utility company leading the project, has filed a complaint over the delay, which a district court is set to review this Friday. Continue reading...
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